Zim Integrated Shipping Services Ltd [NYSE: ZIM] gained 16.74% or 3.19 points to close at $22.25 with a heavy trading volume of 27124664 shares.
The daily chart for ZIM points out that the company has recorded 76.45% gains over the past six months.
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If we look at the average trading volume of 5.20M shares, ZIM reached to a volume of 27124664 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Zim Integrated Shipping Services Ltd [ZIM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ZIM shares is $18.24 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ZIM stock is a recommendation set at 3.14. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for Zim Integrated Shipping Services Ltd shares, keeping their opinion on the stock as Sell, with their previous recommendation back on June 06, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price from $14 to $20. The new note on the price target was released on January 29, 2024, representing the official price target for Zim Integrated Shipping Services Ltd stock.
The Average True Range (ATR) for Zim Integrated Shipping Services Ltd is set at 1.27, with the Price to Sales ratio for ZIM stock in the period of the last 12 months amounting to 0.50. The Price to Book ratio for the last quarter was 1.05, with the Price to Cash per share for the same quarter was set at 11.91. Price to Free Cash Flow for ZIM in the course of the last twelve months was 4.10 with Quick ratio for the last quarter at 0.90.
Trading performance analysis for ZIM stock
Zim Integrated Shipping Services Ltd [ZIM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 19.50. With this latest performance, ZIM shares gained by 31.42% in over the last four-week period, additionally plugging by 76.45% over the last 6 months – not to mention a rise of 79.58% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ZIM stock in for the last two-week period is set at 68.25, with the RSI for the last a single of trading hit 77.26, and the three-weeks RSI is set at 62.92 for Zim Integrated Shipping Services Ltd [ZIM]. The present Moving Average for the last 50 days of trading for this stock 19.28, while it was recorded at 19.72 for the last single week of trading, and 13.78 for the last 200 days.
Zim Integrated Shipping Services Ltd [ZIM]: A deeper dive into fundamental analysis
Zim Integrated Shipping Services Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.98.
Zim Integrated Shipping Services Ltd [ZIM]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Zim Integrated Shipping Services Ltd posted -1.79/share EPS, while the average EPS was predicted by analysts to be reported at -0.88/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.91. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ZIM.
An analysis of Institutional ownership at Zim Integrated Shipping Services Ltd [ZIM]
The top three institutional holders of ZIM stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in ZIM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in ZIM stock with ownership which is approximately 5.1238%.
